ACE Contributes $1 Million to China Earthquake Relief

May 27, 2008

The ACE Group of Companies announced that the ACE Foundation – International has made a $1 million contribution to the Red Cross Society of China to support emergency relief efforts following the earthquake that struck China’s Sichuan Province.

ACE joins a growing list of international insurers, including AIG and Chubb, who have pledged contributions to the quake stricken region.

ACE noted that it “conducts property and casualty insurance, life insurance and asset management operations in China through its strategic investment in the Huatai group of insurance companies. While all Huatai employees in the impacted area have been accounted for, several life agents are still missing, and many employees in the area have lost family members.”

Chairman and CEO Evan G. Greenberg described the quake as a “terrible human tragedy with substantial loss of life, catastrophic damage and millions left homeless.” He added: “We are thankful that our Huatai colleagues are lending assistance to others in need. All of us at ACE express our deepest sorrow to those who have experienced loss, and our hearts go out to the Chinese people.”

Source: ACE Group –

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